$IO
Why #IO is my laggard pick in the SOL basket:
🔹 Triple narrative: Solana ecosystem + DePIN + AI compute. Three of the biggest stories in crypto, one token.
🔹 Real backers: Multicoin, Delphi, Solana Ventures. Launched at a $1B FDV; now trades at ~$120M FDV. The market has priced in near-total failure.
🔹 Already showing relative strength: IO led Solana peers over the past month (~+24%). It's not dead — it's just not today's rotation target. Yet.
🔹 -97.5% from ATH — maximum capitulation. Nobody left to sell.
My zone: accumulating under ~$0.16 in planned tranches. Above $0.18 I stop adding and let it run.
Why #IO is my laggard pick in the SOL basket:
🔹 Triple narrative: Solana ecosystem + DePIN + AI compute. Three of the biggest stories in crypto, one token.
🔹 Real backers: Multicoin, Delphi, Solana Ventures. Launched at a $1B FDV; now trades at ~$120M FDV. The market has priced in near-total failure.
🔹 Already showing relative strength: IO led Solana peers over the past month (~+24%). It's not dead — it's just not today's rotation target. Yet.
🔹 -97.5% from ATH — maximum capitulation. Nobody left to sell.
My zone: accumulating under ~$0.16 in planned tranches. Above $0.18 I stop adding and let it run.